The typical investor has yet to discover the attractiveness of this asset -- the gold price is just starting to reflect this move as investment dollars flow in.
More Quotes from Peter Spina:
Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision Tuesday afternoon.Peter Spina
News that the German government has deserted plans to invest proceeds from gold sales into a special fund assigned for research and education has given a boost to a weak gold market.
Peter Spina
Iran continues to provoke conflict and the gold price is reflecting that sense of uneasiness. Iran knows they have leverage here, especially with oil above 70 and the U.S. dollar becoming ever so vulnerable.
Peter Spina
Silver is taking center stage ... with the news of Barclays' silver ETF a step closer to possible approval. We have some gold investors moving into the silver market.
Peter Spina
Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000).
Peter Spina
It's difficult to see how much investment demand will be caused by this yet, but due to the lack of silver investment products ... this should attract some good interest.
Peter Spina
Readers Who Like This Quotation Also Like:
Based on Topics: Gold QuotesI have always felt that laughter in the face of reality is probably the finest sound there is and will last until the day when the game is called on account of darkness. In this world, a good time to laugh is any time you can.
Linda Ellerbee
For some reason, I seem to be bothered whenever I see acts of injustice and assaults on people's civil liberties. I imagine what I write in the future will follow in that vein. Whether it's fiction or non-fiction.
Iris Chang
Moderation in all things.
Terence